Educational Development Corporation (EDUC) Balance Sheet
EDUC balance sheet, FY2026
February 28, 2026 · U.S. dollars$57.0M assets = $14.2M liabilities + $42.8M equity
Both columns are drawn to the same scale: what EDUC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EDUC financial health
Descriptive bands, not a rating. Fiscal FY2026.
EDUC balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $66.3MFY2017 | $57.0MFY2026 | −1.7%/yr | |
| Total liabilities | $51.1MFY2017 | $14.2MFY2026 | −13.3%/yr | |
| Shareholders’ equity | $15.2MFY2017 | $42.8MFY2026 | +12.2%/yr | |
| Cash & short-term investments | $699,200FY2017 | $1.3MFY2026 | +7.5%/yr | |
| Total debt | $26.4MFY2017 | $6.7MFY2026 | −14.1%/yr | |
| Net cash (debt) | −$25.7MFY2017 | −$5.4MFY2026 | +$20.4M | |
| Working capital | $8.9MFY2017 | $14.4MFY2026 | +$5.4M | |
| Book value per share | $1.86FY2017 | $5.03FY2026 | +11.7%/yr | |
| Current ratio | 1.30FY2017 | 3.33FY2026 | +2.03 | |
| Debt / equity | 1.74FY2017 | 0.16FY2026 | −1.58 | |
| Shares outstanding | 8.2MFY2017 | 8.5MFY2026 | +0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EDUC assets
EDUC liabilities and equity
EDUC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EDUC balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.3M | $428,400 | $844,500 | $689,100 | $361,200 | $1.8M | $3.0M | $3.2M | $2.7M | $699,200 |
| Cash & equivalents | $1.3M | $428,400 | $844,500 | $689,100 | $361,200 | $1.8M | $3.0M | $3.2M | $2.7M | $699,200 |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $861,300 | $2.1M | $1.9M | $2.9M | $3.6M | $3.3M | $3.2M | $3.3M | $2.9M | $2.9M |
| Inventory | $201,500 | $29.1M | $43.9M | $59.1M | $71.6M | $51.8M | $30.1M | $33.4M | $26.6M | $34.3M |
| Other current assets | $18.1M | $20.6M | $19.3M | $869,300 | $960,500 | $1.2M | $950,600 | $1.6M | $1.0M | $1.2M |
| Total current assets | $20.6M | $52.2M | $66.0M | $63.6M | $76.5M | $58.1M | $37.2M | $41.5M | $33.3M | $39.0M |
| Property, plant & equipment (net) | $13.0M | $7.5M | $10.6M | $29.7M | $30.5M | $30.0M | $26.4M | $27.2M | $27.9M | $27.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $23.4M | $18.6M | $13.5M | $6.7M | $2.9M | $758,900 | $1.1M | $594,500 | $462,800 | $253,500 |
| Total assets | $57.0M | $78.3M | $90.1M | $99.9M | $109.9M | $88.9M | $64.7M | $69.3M | $61.6M | $66.3M |
| Liabilities | ||||||||||
| Accounts payable | $1.7M | $1.8M | $3.9M | $3.9M | $12.4M | $19.7M | $9.7M | $14.2M | $12.5M | $17.6M |
| Short-term debt | $1.4M | $32.0M | $8.0M | $45.9M | $20.4M | $5.8M | $1.0M | $1.9M | $881,200 | $5.8M |
| Deferred revenue | $320,500 | $491,800 | $583,500 | $602,700 | $681,600 | $1.9M | $385,300 | $965,600 | $693,000 | $633,100 |
| Total current liabilities | $6.2M | $37.2M | $17.0M | $54.1M | $40.3M | $37.9M | $16.4M | $23.5M | $21.2M | $30.1M |
| Long-term debt | $0 | $0 | $26.6M | $0 | $22.4M | $10.5M | $17.8M | $18.8M | $19.8M | $20.7M |
| Lease obligations | $6.7M | $1.1M | $1.6M | $823,600 | — | — | — | — | — | — |
| Other long-term liabilities | $8.0M | $524,000 | $999,000 | $586,800 | $498,900 | $224,200 | $1.1M | $981,600 | $242,900 | $338,600 |
| Total liabilities | $14.2M | $37.7M | $44.7M | $54.7M | $63.2M | $48.6M | $35.3M | $43.3M | $41.2M | $51.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.4M | $1.2M | $1.2M |
| Retained earnings (deficit) | $39.6M | $37.3M | $42.6M | $42.0M | $44.5M | $39.7M | $29.7M | $25.8M | $21.5M | $16.3M |
| Treasury stock | — | — | — | — | — | −$12.8M | −$12.7M | −$11.2M | −$10.9M | −$10.9M |
| Accumulated other comprehensive income | — | −$15,400 | $24,400 | $0 | $0 | $0 | $0 | −$7.1M | −$5.7M | −$4.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $42.8M | $40.6M | $45.5M | $45.2M | $46.8M | $40.3M | $29.4M | $25.9M | $20.4M | $15.2M |
| Key figures | ||||||||||
| Total debt | $6.7M | $32.4M | $35.6M | $46.4M | $43.2M | $16.2M | $18.8M | $19.8M | $20.7M | $26.4M |
| Net cash (debt) | −$5.4M | −$32.0M | −$34.7M | −$45.7M | −$42.8M | −$14.4M | −$15.8M | −$16.6M | −$18.0M | −$25.7M |
| Working capital | $14.4M | $15.0M | $49.0M | $9.4M | $36.3M | $20.2M | $20.8M | $18.0M | $12.1M | $8.9M |
| Tangible book value | $42.8M | $40.6M | $45.5M | $45.2M | $46.8M | $40.3M | $29.4M | $25.9M | $20.4M | $15.2M |
| Book value per share | $5.03 | $4.90 | $5.49 | $5.54 | $5.53 | $4.78 | $3.53 | $3.15 | $2.49 | $1.86 |
| Shares outstanding | 8.5M | 8.3M | 8.3M | 8.2M | 8.5M | 8.4M | 8.3M | 8.2M | 8.2M | 8.2M |
| Current ratio | 3.33 | 1.40 | 3.88 | 1.17 | 1.90 | 1.53 | 2.27 | 1.76 | 1.57 | 1.30 |
| Quick ratio | 0.36 | 0.07 | 0.16 | 0.07 | 0.10 | 0.14 | 0.38 | 0.27 | 0.27 | 0.12 |
| Debt / equity | 0.16 | 0.80 | 0.78 | 1.02 | 0.92 | 0.40 | 0.64 | 0.76 | 1.01 | 1.74 |
| Equity / assets | 75.1% | 51.8% | 50.4% | 45.3% | 42.5% | 45.3% | 45.4% | 37.4% | 33.1% | 22.9% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.1M | $1.7M | $1.3M | $3.1M | $754,200 | $1.0M | $428,400 | $2.3M | $753,800 | $2.0M | $844,500 | $3.1M |
| Cash & equivalents | $1.1M | $1.7M | $1.3M | $3.1M | $754,200 | $1.0M | $428,400 | $2.3M | $753,800 | $2.0M | $844,500 | $3.1M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $47,300 | — | $15,400 |
| Receivables | $731,200 | $570,500 | $861,300 | $759,700 | $1.8M | $2.0M | $2.1M | $2.2M | $2.1M | $2.3M | $1.9M | $1.8M |
| Inventory | $15.2M | $16.1M | $17.4M | $22.5M | $23.6M | $25.2M | $29.1M | $32.1M | $35.5M | $39.0M | $43.9M | $48.2M |
| Other current assets | $1.0M | $1.1M | $938,200 | $1.3M | $20.6M | $20.8M | $20.6M | $21.0M | $20.5M | $18.9M | $19.3M | $20.1M |
| Total current assets | $18.0M | $19.4M | $20.6M | $27.7M | $46.7M | $49.1M | $52.2M | $57.6M | $58.9M | $62.3M | $66.0M | $73.3M |
| Property, plant & equipment (net) | $12.5M | $12.9M | $13.0M | $13.4M | $6.6M | $7.1M | $7.5M | $8.2M | $8.8M | $10.0M | $10.6M | $9.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $20.2M | $20.6M | $23.4M | $18.3M | $20.9M | $20.2M | $18.6M | $17.8M | $17.5M | $15.7M | $13.5M | $12.9M |
| Total assets | $50.7M | $52.9M | $57.0M | $59.5M | $74.2M | $76.3M | $78.3M | $83.6M | $85.2M | $88.0M | $90.1M | $95.5M |
| Liabilities | ||||||||||||
| Accounts payable | $1.6M | $1.6M | $1.7M | $2.0M | $1.6M | $1.5M | $1.8M | $2.3M | $2.6M | $3.7M | $3.9M | $5.1M |
| Short-term debt | $1.2M | $1.3M | $1.4M | $1.5M | $30.7M | $31.1M | $32.0M | $6.8M | $8.7M | $8.1M | $8.0M | $7.6M |
| Deferred revenue | $300,100 | $417,000 | $320,500 | $696,000 | $547,000 | $465,500 | $491,800 | $1.4M | $500,400 | $450,800 | $583,500 | $2.1M |
| Total current liabilities | $5.5M | $6.1M | $6.2M | $8.1M | $35.8M | $36.5M | $37.2M | $15.8M | $16.0M | $16.6M | $17.0M | $20.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25.3M | $25.8M | $26.2M | $26.6M | $27.1M |
| Lease obligations | — | $6.7M | $6.7M | $6.9M | $768,200 | $926,400 | $1.1M | $1.3M | $1.6M | $1.4M | $1.6M | — |
| Other long-term liabilities | $5.3M | $5.4M | $8.0M | $5.4M | $206,200 | $366,600 | $524,000 | $661,700 | $876,700 | $870,800 | $999,000 | $1.1M |
| Total liabilities | $10.8M | $11.5M | $14.2M | $13.6M | $36.0M | $36.8M | $37.7M | $41.8M | $42.7M | $43.7M | $44.7M | $48.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M |
| Retained earnings (deficit) | $36.7M | $38.2M | $39.6M | $42.7M | $34.9M | $36.2M | $37.3M | $38.6M | $39.5M | $41.3M | $42.6M | $44.2M |
| Accumulated other comprehensive income | — | — | — | −$117,700 | — | — | −$15,400 | −$21,600 | −$20,400 | $47,300 | $24,400 | $15,400 |
| Total shareholders' equity | $39.8M | $41.4M | $42.8M | $45.9M | $38.2M | $39.5M | $40.6M | $41.8M | $42.5M | $44.3M | $45.5M | $47.1M |
| Key figures | ||||||||||||
| Total debt | $6.5M | $6.7M | $6.7M | $6.9M | $30.8M | $31.4M | $32.4M | $32.7M | $35.2M | $35.0M | $35.6M | $35.7M |
| Net cash (debt) | −$5.4M | −$5.1M | −$5.4M | −$3.8M | −$30.0M | −$30.3M | −$32.0M | −$30.4M | −$34.5M | −$33.0M | −$34.7M | −$32.5M |
| Working capital | $12.5M | $13.3M | $14.4M | $19.5M | $10.9M | $12.6M | $15.0M | $41.7M | $42.8M | $45.6M | $49.0M | $53.1M |
| Tangible book value | $39.8M | $41.4M | $42.8M | $45.9M | $38.2M | $39.5M | $40.6M | $41.8M | $42.5M | $44.3M | $45.5M | $47.1M |
| Book value per share | $4.68 | $4.86 | $5.03 | $5.35 | $4.45 | $4.60 | $4.90 | $5.05 | $5.14 | $5.36 | $5.50 | $5.70 |
| Shares outstanding | 8.5M | 8.5M | 8.5M | 8.6M | 8.6M | 8.6M | 8.3M | 8.3M | 8.3M | 8.3M | 8.3M | 8.3M |
| Current ratio | 3.27 | 3.20 | 3.33 | 3.40 | 1.30 | 1.35 | 1.40 | 3.64 | 3.67 | 3.74 | 3.88 | 3.64 |
| Quick ratio | 0.33 | 0.37 | 0.36 | 0.48 | 0.07 | 0.08 | 0.07 | 0.28 | 0.18 | 0.26 | 0.16 | 0.25 |
| Debt / equity | 0.16 | 0.16 | 0.16 | 0.15 | 0.81 | 0.79 | 0.80 | 0.78 | 0.83 | 0.79 | 0.78 | 0.76 |
| Equity / assets | 78.6% | 78.3% | 75.1% | 77.2% | 51.5% | 51.8% | 51.8% | 50.0% | 49.9% | 50.3% | 50.4% | 49.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 19, 2026); data from EODHD.
EDUC financial position
At the end of fiscal 2026 (February 28, 2026), Educational Development had total assets of $57.0 million (down 27.2% from a year earlier), total liabilities of $14.2 million and shareholders' equity of $42.8 million. It held $1.3 million in cash and short-term investments against $6.7 million of debt, net debt of $5.4 million. Its current ratio was 3.33. In the latest quarter (ended August 31, 2026) total assets were $50.7 million and equity $39.8 million.
Related: EDUC income statement, EDUC cash flow statement, EDUC key metrics. See the EDUC stock overview for the latest quote and news.
EDUC balance sheet FAQ
What are Educational Development's total assets?
Educational Development reported total assets of $57.0 million at the end of fiscal 2026 (February 28, 2026), compared with $78.3 million a year earlier.
How much debt does Educational Development have?
Educational Development had $6.7 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.16.
How much cash does Educational Development have?
Educational Development held $1.3 million in cash and short-term investments at the end of fiscal 2026; with $6.7 million of debt that is net debt of $5.4 million.
What is Educational Development's book value?
Educational Development's shareholders' equity (book value) was $42.8 million at the end of fiscal 2026, or $5.03 per share.
What is Educational Development's current ratio?
Educational Development had current assets of $20.6 million and current liabilities of $6.2 million, a current ratio of 3.33 (it can cover its short-term obligations).